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The Contracts (Rights of Third Parties) Bill, 2014

The Cayman Islands Government has published The Contracts (Rights of Third Parties) Bill, 2014 to make a law which will provide for the enforcement of contractual terms by third parties (the "Law").

The Law was originally opened for public consultation in 2012 and is now expected to come into force shortly. The Law will bring the Cayman Islands into line with the UK and the UK and the US relation to the ability of person to enforce rights which are conferred upon him pursuant to a contract to which he is not a party ("third party"), thereby overriding the common law principle that only parties to a contract are able to enforce its terms.

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View profile for Chris HumphriesChris Humphries
Managing Director and Head of Funds

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